Topaz Energy Corp. (TSE:TPZ) Given Consensus Rating of “Buy” by Analysts

Shares of Topaz Energy Corp. (TSE:TPZGet Rating) have earned an average recommendation of “Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$30.39.

TPZ has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. Stifel Nicolaus lifted their price objective on shares of Topaz Energy from C$31.25 to C$31.50 in a research report on Wednesday, August 3rd. Scotiabank lifted their price objective on shares of Topaz Energy from C$32.00 to C$33.00 in a research report on Monday, September 19th. BMO Capital Markets lifted their price objective on shares of Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 2nd. Finally, ATB Capital lifted their price objective on shares of Topaz Energy from C$29.50 to C$30.00 in a research report on Thursday, September 29th.

Insider Activity at Topaz Energy

In related news, Senior Officer Cheree Stephenson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of C$23.81, for a total transaction of C$47,620.00. Following the completion of the transaction, the insider now owns 25,000 shares of the company’s stock, valued at C$595,250.

Topaz Energy Stock Up 2.6 %

TPZ opened at C$23.65 on Friday. The firm has a market capitalization of C$3.41 billion and a P/E ratio of 34.28. The company has a debt-to-equity ratio of 34.84, a current ratio of 8.06 and a quick ratio of 7.17. Topaz Energy has a fifty-two week low of C$16.31 and a fifty-two week high of C$24.80. The company’s 50-day moving average is C$21.77 and its 200 day moving average is C$21.66.

Topaz Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.12 annualized dividend and a yield of 4.74%. This is a boost from Topaz Energy’s previous quarterly dividend of $0.26. Topaz Energy’s payout ratio is currently 173.91%.

About Topaz Energy

(Get Rating)

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.

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Analyst Recommendations for Topaz Energy (TSE:TPZ)

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